Santander reduces new business and product transfer fixed rates and makes changes to large loan products

27 October 2025

Santander will be reducing rates across its residential and buy-to-let range for New Business and Product Transfers by up to 0.36%
The lender will be introducing a new range of large loan products for residential remortgage and product transfer customers, with a loan size between £500,000 and £5 million
It is also simplifying the minimum loan size in its standard residential remortgage range to £25,000

Santander has announced that from today (Monday 27 October), it is reducing its residential and buy-to-let fixed rates across its New Business and Product Transfer ranges. Alongside this, it is introducing new large loan products for remortgage customers across both ranges, as well as simplifying the minimum loan size for its standard residential remortgage range to £25,000.

The rate changes continue to support those customers who choose to stay with the lender, and as part of Santander’s ‘no dual pricing’ pledge to brokers, the new pricing is available to all customers, whether they are applying via a broker or direct.

Home movers: All 60% and 75% LTV 3 year fixed rates reduced by up to 0.36%.

60% LTV 3 year fixed rate with a £0 fee and £250 cashback. Rate reduced by 0.35% to 4.06%.
75% LTV 3 year fixed rate with a £999 fee and £250 cashback. Rate reduced by 0.36% to 3.96%.
75% LTV 3 year fixed rate with a £0 fee and £250 cashback. Rate reduced by 0.35% to 4.20%.

First-time buyers: All 85% and 90% LTV 2 and 5 year fixed rates reduced by up to 0.16%.

90% LTV 2 year fixed rate with a £999 fee and £250 cashback. Rate reduced by 0.16% to 4.42%.
90% LTV 2 year fixed rate with a £0 fee and £250 cashback. Rate reduced by 0.16% to 4.70%.

Remortgage – fixed rates: New minimum loan size of £25,000 for all £999 fee option products. All 60%, 75%, 85% and 90% LTV 2 and 5 year fixed rates reduced by up to 0.13%, alongside launching new products priced from 3.73%.

75% LTV 5 year fixed rate with a £999 fee. Rate reduced by 0.13% to 4.02%. Minimum loan size £25,000.
New product: 60% LTV 2 year fixed rate large loan at 3.73% with a £1,999 fee. Minimum loan size £500,000. Maximum loan size £2,000,000.
New product: 60% LTV 2 year fixed rate large loan at 4.02% with a £2,999 fee. Minimum loan size £1,500,000. Maximum loan size £5,000,000.
New product: 75% LTV 2 year fixed rate large loan at 3.85% with a £1,999 fee. Minimum loan size £500,000. Maximum loan size £2,000,000.
New product: 75% LTV 2 year fixed rate large loan at 4.11% with a £2,999 fee. Minimum loan size £1,500,000. Maximum loan size £5,000,000.

New build – home mover: All 60% and 75% LTV 3 year fixed rates reduced by up to 0.36%.

75% LTV 3 year fixed rate New Build Exclusive with a £999 fee and £250 cashback. Rate reduced by 0.36% to 3.96%.

New build - first time buyer: All 85% and 90% LTV 2 and 5 year fixed rates reduced by up to 0.16%.

90% LTV 2 year fixed rate with a £999 fee and £250 cashback. Rate reduced by 0.16% to 4.42%.
90% LTV 2 year fixed rate with a £0 fee and £250 cashback. Rate reduced by 0.16% to 4.70%.

Buy to Let - purchase: All 60% and 75% LTV 2 and 5 year fixed reduced by 0.05%.

60% LTV BTL 2 year fixed rate with a £1749 fee. Rate reduced by 0.05% to 3.94%.

Buy to Let - remortgage: All 60%, 65% and 75% LTV 2 and 5 year fixed reduced by up to 0.10%.

65% LTV BTL 2 year fixed rate with a £1,749 fee. Rate reduced by 0.10% to 3.96%.